Tech companies are optimistic about going public this year, thanks to the new presidential administration’s promise to ease regulations on industries like crypto and AI. Several fintech companies have already filed for an IPO in 2024 or earlier.
In a chronological list compiled by TechCrunch, these companies plan to go public or have already confidentially filed for a 2025 IPO. The confidential filing process allows companies to submit their registration documents without making them public, but they can delay or withdraw their filings depending on market conditions.
Several companies are expected to go public in 2025, including eToro, Voyager Technologies, and Karman Holdings. eToro is seeking a $5 billion valuation, while Voyager Technologies will likely be valued between $2 billion and $3 billion.
Other companies like Chime, Klarna, Genesys, Clario, Cerebras, and Circle are also planning to go public in 2025 or have already filed confidentially for an IPO. These include fintech companies, AI startups, and a digital bank.
Companies that started the process earlier, such as Shein and General Atlantic, are still trying to navigate the regulatory environment. Oyo, an Indian hotel aggregator backed by SoftBank, plans to file again in 2025 after a previous attempt fell through.
Source: https://techcrunch.com/2025/02/01/here-are-all-the-ipos-reported-to-be-in-the-works-for-2025